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Tag: Iraqi News

At least $330 Million Promised by International Organizations for Iraq

At least $330 Million Promised by International Organizations for Iraq

On Monday, a large number of International relief associations, International non-governmental organizations, public benefit societies, and Kuwaiti relief societies engaged in making deposit guarantees amounted at 330.130 million U.S dollars for reconstruction and development programs in Iraq. The KUNA (Kuwait News Agency) attended guarantee session took place on the sidelines of a conference of non-governmental organization, in order to support the humanitarian efforts in Iraq. The session was conducted in presence of the Deputy Prime Minister and Foreign Minister of…

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Iraqi Budget 2018 Finalized after some Amendments: Al-Tamimi

Iraqi Budget 2018 Finalized after some Amendments: Al-Tamimi

On Sunday, a member of the Iraqi Parliamentary Finance Committee, MP Majda Al-Tamimi said that Iraqi budget draft is added in today’s parliamentary session to finalize its 2nd reading. The current Iraqi budget draft includes some amendments made by the Iraqi federal government. Al-Tamimi issued a press statement that 2nd (final) reading on Iraqi budget for the financial year 2018 added in today’s session. She pointed out that 2nd reading shouldn’t be considered voting, second reading generally invite the other…

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Postponement of Iraqi Budget 2018 and its Negative Effects on Kuwait Donor Conference

Postponement of Iraqi Budget 2018 and its Negative Effects on Kuwait Donor Conference

On Wednesday, the Advisor of Economic Affairs to the Iraqi Prime Minister, Muhammad Saleh issued a statement that the donor conference will be held on 12th February 2018 in Kuwait. A joint international mechanism will be adopted to watch over the funds to be provided to Iraq. Saleh added in his statement about the current Iraqi position that Al-Abadi has focused in finding corruption and corrupt elements in order to eliminate them. It has been considered a specific program within…

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The IMF imposed Conditions to Support Iraq in Kuwait Donor Conference

The IMF imposed Conditions to Support Iraq in Kuwait Donor Conference

On Monday, MP Zana Saed said that the IMF has forwarded its requirement to Iraqi government regarding its support for Iraq in the donor conference. The IMF will support Iraq in exchange for 14% allocation for the Kurdistan region in the Iraqi federal budget 2018. Saed said in a press interview that the Iraqi Finance Committee earlier arranged a meeting with the IMF. He pointed out that the Fund didn’t indicate such requirement, but the IMF recently imposed its requirement…

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Why Iraqi Parliament Voted to Cancel its Previous Decision Against Kurdistan?

Why Iraqi Parliament Voted to Cancel its Previous Decision Against Kurdistan?

The Iraqi House of Representatives has voted on pulling back its previous punishment against the banks in the Kurdistan region. A source from Iraqi Parliament said in a press interview that the Iraqi House of Representatives has voted on a proposal to immediately stop previous action and decision of the House regarding banking transactions of Iraqi banks with banks and financial institutions in the Kurdistan region. It is due to achieving the required target regarding the issue. The Iraqi Central…

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Iraq will Offer 157 Projects in the Kuwait International Conference

Iraq will Offer 157 Projects in the Kuwait International Conference

The Iraqi National Authority for Investment has announced its objective in offering 157 projects regarding investment in the International Conference of donors. The Conference will especially be conducted regarding the reconstruction in Iraq and it will take place in Kuwait during current month. The press statement has indicated that 157 projects will be presented from all Iraqi economic sectors for investors attending the Kuwait International Conference for the Reconstruction in Iraq. The event will be held on 12 to 14…

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Recent Wave of Deadly Bombings Disturbed Central Baghdad

Recent Wave of Deadly Bombings Disturbed Central Baghdad

The Iraqi police and medical sources informed that the Iraqi capital Baghdad hit by 2 massive explosions causing at least 38 people dead and more than 100 injured. These attacks took place on Monday executed by 2 suicide bombers. The spokesman of the Iraqi interior ministry, Saad Maan issued a statement that both suicide attackers detonated their bomb jackets in a congested area of workers at the Al-Tayaran Square in the central Baghdad. The Iraqi interior ministry confirmed the total…

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Central Bank of Iraq issued a New Circular for Private Banks

Central Bank of Iraq issued a New Circular for Private Banks

The Iraqi Central Bank issued a report and indicated that some commercial banks Iraq don’t have sufficient investment. The report pointed out that some letters of guarantee have shown generosity of relatives and friends. The magnitude of investments among the total assets in the Iraqi commercial banks is just 8%. The report also said that some of the commercial banks operating in Iraq don’t have an essential amount of investment. It was said that the monetary assets of commercial banks…

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